The Iodine Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The iodine market has seen solid growth in the past few years. The market size is projected to increase from $2.71 billion in 2024 to $2.95 billion in 2025, with a compound annual growth rate (CAGR) of 8.87%.
The Iodine Global Market Report predicts that by 2029, the market will grow to a size of $4.09 billion. This growth implies a compound annual growth rate (CAGR) of 8.50%.
Download Your Free Sample of the 2025 Iodine Market Report and Uncover Key Trends Now!The key drivers in the iodine market are:
•Rising demand for iodine in the medical sector
•Increased usage of iodine in water treatment processes
•Growing applications of iodine in veterinary medicines
•Growing demand for iodine-based biocides and disinfectants
The iodine market covered in this report is segmented –
1) By Form: Inorganic Salts And Complexes, Elemental And Isotopes, Organic Compound
2) By Source: Underground Brines, Seaweeds, Caliche Ore, Recycling
3) By Application: Pharmaceuticals, Biocides, Iodophors, X-Ray Contrast Media, Catalyst In Polymer Processing, Optical Polarizing Films, Human Nutrition, Fluorochemicals, Animal Feed, Other Applications
Subsegments:
1) By Inorganic Salts And Complexes: Sodium Iodide, Potassium Iodide, Calcium Iodate
2) By Elemental And Isotopes: Elemental Iodine, Iodine-131, Iodine-123
3) By Organic Compound: Iodophors, Iodinated Contrast Media, Iodinated Organic Chemicals
The key trends in the iodine market are:
•Advanced membrane separation technologies are emerging as a significant trend.
•The development of smart disinfection and antimicrobial products is on the rise.
•There is a growing focus on the use of nanotechnology and iodine nanoparticles.
•The production of next-generation iodine-containing pharmaceuticals and iodine-enhanced LED and OLED technologies are emerging market trends.
Major players in the iodine market are:
• Sociedad Química y Minera de Chile S.A.
• MilliporeSigma
• Albemarle Corporation
• ACF Minera S.A.
• BASF SE
• Nippoh Chemicals Co. Ltd.
• ISE Chemicals Corporation
• Algorta Norte S.A.
• Godo Shigen Co. Ltd.
• Iofina plc
• American Elements
• Chemlock Metals Corporation
• Iochem Corporation
• Deepwater Chemicals Inc.
• Kanto Chemical Co. Inc.
• Eskay Iodine
• Salvi Chemicals Industries Limited
• Azer Yod LLC
• SAGAR Life Sciences Private Limited
• Junsei Chemical Co. Ltd.
Europe was the largest region in the iodine market in 2024